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Advancing TOD in Fort Worth Presented to the NCTCOG TOD Task Force by Korrie Becht, Planning & Development Department June 26, 2019

Advancing TOD in Fort Worth - North Central Texas Council ... · What ULI’s Emerging Trends in Real Estate 2016 said about Millennials and suburbs: This group won’t move to the

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Page 1: Advancing TOD in Fort Worth - North Central Texas Council ... · What ULI’s Emerging Trends in Real Estate 2016 said about Millennials and suburbs: This group won’t move to the

Advancing TOD in Fort WorthPresented to the NCTCOG TOD Task Forceby Korrie Becht, Planning & Development DepartmentJune 26, 2019

Page 2: Advancing TOD in Fort Worth - North Central Texas Council ... · What ULI’s Emerging Trends in Real Estate 2016 said about Millennials and suburbs: This group won’t move to the

City of Fort Worth2019 Comprehensive Plan

Page 3: Advancing TOD in Fort Worth - North Central Texas Council ... · What ULI’s Emerging Trends in Real Estate 2016 said about Millennials and suburbs: This group won’t move to the

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Page 4: Advancing TOD in Fort Worth - North Central Texas Council ... · What ULI’s Emerging Trends in Real Estate 2016 said about Millennials and suburbs: This group won’t move to the

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Page 5: Advancing TOD in Fort Worth - North Central Texas Council ... · What ULI’s Emerging Trends in Real Estate 2016 said about Millennials and suburbs: This group won’t move to the

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Page 6: Advancing TOD in Fort Worth - North Central Texas Council ... · What ULI’s Emerging Trends in Real Estate 2016 said about Millennials and suburbs: This group won’t move to the

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Page 7: Advancing TOD in Fort Worth - North Central Texas Council ... · What ULI’s Emerging Trends in Real Estate 2016 said about Millennials and suburbs: This group won’t move to the

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Page 8: Advancing TOD in Fort Worth - North Central Texas Council ... · What ULI’s Emerging Trends in Real Estate 2016 said about Millennials and suburbs: This group won’t move to the

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Page 9: Advancing TOD in Fort Worth - North Central Texas Council ... · What ULI’s Emerging Trends in Real Estate 2016 said about Millennials and suburbs: This group won’t move to the

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Page 10: Advancing TOD in Fort Worth - North Central Texas Council ... · What ULI’s Emerging Trends in Real Estate 2016 said about Millennials and suburbs: This group won’t move to the

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Existing Passenger Rail Stations in Fort Worth

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What ULI’s Emerging Trends in Real Estate 2016 said about Millennials and suburbs:This group won’t move to the suburbs of their parents. The attractive suburbs will be more like the airline hub-and-spoke model. These ‘diet urban’ locations will offer urban and suburban benefits. The critical descriptors seem to be suburbs that are close-in, transit-oriented, and mixed-use.

Page 12: Advancing TOD in Fort Worth - North Central Texas Council ... · What ULI’s Emerging Trends in Real Estate 2016 said about Millennials and suburbs: This group won’t move to the

T&P Station221 West Lancaster Avenue

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Page 13: Advancing TOD in Fort Worth - North Central Texas Council ... · What ULI’s Emerging Trends in Real Estate 2016 said about Millennials and suburbs: This group won’t move to the

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Land Use (2016)

0.5 Mile Station Buffer I2 Rail Stations TEXRail Line

Land Use Percentages

Vacant17.5%

Commercial27.5%

Communication0.4%

Education2.5%Hotel/Motel

1.4%

Industrial3.1%

Institutional/Semi-Public11.4%

Mixed-Use2.9%

Multi-Family4.2%

Office3.8%

Parking10.5%

Parks/Recreation3.2%

Railroad7.4%

Single-Family0.6%

Transit2.7%

Utilities1.0%

Source: NCTCOG, 2016 data

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Zoning (2019)

0.5 Mile Station Buffer I2 Rail Stations TEXRail Line

Zoning DistrictsAgricultural

Residential (Single Family, One-Acre +)

Residential (Single Family, 1/2 Acre +)

Residential (Single Family)

Manufactured Housing

Low Density Residential

High Density Residential

Urban Residential

Community Facility

Neighborhood Commercial

Mixed-Use, Downtown and Form Based Districts

General Commercial

Light Industrial

Heavy Industrial

Planned Development

Floodplain

Zoning Overlay Districts

Source: City of Fort Worth, 2019 data

Page 15: Advancing TOD in Fort Worth - North Central Texas Council ... · What ULI’s Emerging Trends in Real Estate 2016 said about Millennials and suburbs: This group won’t move to the

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Proposed Vickery & Main TOD

$4.5 Million in 2014 Bond Funds for Parking & Streetscape

Page 17: Advancing TOD in Fort Worth - North Central Texas Council ... · What ULI’s Emerging Trends in Real Estate 2016 said about Millennials and suburbs: This group won’t move to the

ITC Station1001 Jones Street

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Land Use – NCTCOG (2016)

0.5 Mile Station Buffer I2 Rail Stations TEXRail Line

Land Use Percentages

Communication1.1%

Education2.6%

Hotel/Motel3.1%

Industrial8.5%

Institutional12.9%

Mixed-Use2.6%

Mulit-Family10.7%

Office13.2%

Parking14.0%Parks/

Recreation3.0%

Railroad8.1%

Single-Family0.3%

Tranist2.0%

Utilities0.6%

Vacant8.5%

Commercial

8.9%

Source: NCTCOG, 2016 data

Page 19: Advancing TOD in Fort Worth - North Central Texas Council ... · What ULI’s Emerging Trends in Real Estate 2016 said about Millennials and suburbs: This group won’t move to the

Agricultural

Residential (Single Family, One-Acre +)

Residential (Single Family, 1/2 Acre +)

Residential (Single Family)

Manufactured Housing

Low Density Residential

High Density Residential

Urban Residential

Community Facility

Neighborhood Commercial

Mixed-Use, Downtown and Form Based Districts

General Commercial

Light Industrial

Heavy Industrial

Planned Development

Floodplain

Zoning Overlay Districts

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Zoning (2019)

0.5 Mile Station Buffer I2 Rail Stations TEXRail Line

Zoning Districts

Source: City of Fort Worth, 2019 data

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Page 21: Advancing TOD in Fort Worth - North Central Texas Council ... · What ULI’s Emerging Trends in Real Estate 2016 said about Millennials and suburbs: This group won’t move to the

High Speed Rail Station Concept (2017)

Page 22: Advancing TOD in Fort Worth - North Central Texas Council ... · What ULI’s Emerging Trends in Real Estate 2016 said about Millennials and suburbs: This group won’t move to the

Northside Station2829 Decatur Avenue

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Page 23: Advancing TOD in Fort Worth - North Central Texas Council ... · What ULI’s Emerging Trends in Real Estate 2016 said about Millennials and suburbs: This group won’t move to the

ULI TAP – Northside TEXRail Station• Fort Worth is working with ULI NT to schedule a TAP for the

Northside Station area (tentatively August 1-2, 2019). • Focus on:

• Type and character of TOD. • Boundaries for Mixed-Use and Urban Residential zoning.• Multi-modal connections to the Stockyards, Trinity Trails, and

surrounding destinations and neighborhoods.

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Page 24: Advancing TOD in Fort Worth - North Central Texas Council ... · What ULI’s Emerging Trends in Real Estate 2016 said about Millennials and suburbs: This group won’t move to the

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Northside Station Current Land Use

0.5 Mile Station Buffer I2 Rail Stations TEXRail Line

Land Use Percentages

Commercial19.1%

Education1.4%

Industrial10.9%

Institutional1.3%Landfill0.9%

Multi-Family0.1%

Parks/Recreation6.5%

Railroad8.0%

Retail1.2%

Single-Family27.9%

Vacant22.6%

Source: NCTCOG, 2016 data

Page 25: Advancing TOD in Fort Worth - North Central Texas Council ... · What ULI’s Emerging Trends in Real Estate 2016 said about Millennials and suburbs: This group won’t move to the

Agricultural

Residential (Single Family, One-Acre +)

Residential (Single Family, 1/2 Acre +)

Residential (Single Family)

Manufactured Housing

Low Density Residential

High Density Residential

Urban Residential

Community Facility

Neighborhood Commercial

Mixed-Use, Downtown and Form Based Districts

General Commercial

Light Industrial

Heavy Industrial

Planned Development

Floodplain

Zoning Overlay Districts

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Zoning (2019)

0.5 Mile Station Buffer I2 Rail Stations TEXRail Line

Zoning Districts

Source: City of Fort Worth, 2019 data

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Future Land Use (2019)Future Land Use Designations

0.5 Mile Station Buffer I2 Rail Stations TEXRail Line

I2

Source: City of Fort Worth, 2019 data

Page 27: Advancing TOD in Fort Worth - North Central Texas Council ... · What ULI’s Emerging Trends in Real Estate 2016 said about Millennials and suburbs: This group won’t move to the

Mercantile Center4233 North Beach Street

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Page 28: Advancing TOD in Fort Worth - North Central Texas Council ... · What ULI’s Emerging Trends in Real Estate 2016 said about Millennials and suburbs: This group won’t move to the

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Mercantile Center Existing Land Use

Land Use Percentages

0.5 Mile Station Buffer I2 Rail Stations TEXRail Line

Commercial6.3%

Farmland13.7% Flood

Control0.5%

Industrial26.3%

Railroad4.1%

Ranch Land27.7%

Single-Family7.5%

Small Water Bodies0.4%

Utilities3.5%

Vacant10.0%

Source: NCTCOG, 2016 data

Page 29: Advancing TOD in Fort Worth - North Central Texas Council ... · What ULI’s Emerging Trends in Real Estate 2016 said about Millennials and suburbs: This group won’t move to the

Agricultural

Residential (Single Family, One-Acre +)

Residential (Single Family, 1/2 Acre +)

Residential (Single Family)

Manufactured Housing

Low Density Residential

High Density Residential

Urban Residential

Community Facility

Neighborhood Commercial

Mixed-Use, Downtown and Form Based Districts

General Commercial

Light Industrial

Heavy Industrial

Planned Development

Floodplain

Zoning Overlay Districts

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Zoning (2019)

0.5 Mile Station Buffer I2 Rail Stations TEXRail Line

Zoning Districts – Fort Worth

Zoning Districts – Haltom CityC-3 - Commercial

CF - Community Facilities

M-1 - Industrial

M-1 CU - Industrial

M-2 - Industrial

SF PD - Single Family Residential

SF-2 - Single Family Residential

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Station Area Plan Concept (2009)

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Mercantile Partners Concept (2019)

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Mercantile Partners Concept (2019)

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Mercantile Partners Concept (2019)

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Mercantile Partners Concept (2019)

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Trinity Lakes Station (Future)

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Medical District Station (Future)

Page 38: Advancing TOD in Fort Worth - North Central Texas Council ... · What ULI’s Emerging Trends in Real Estate 2016 said about Millennials and suburbs: This group won’t move to the

ContactsEric [email protected]

Korrie [email protected]

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